TikTok faces a US law requiring it to divest from its Chinese owner ByteDance or be banned. President Trump confirmed Microsoft is in talks to acquire TikTok, highlighting the significant interest in the platform. A law banning TikTok took effect in January over concerns about potential Chinese government espionage or influence operations. Microsoft is seen as a likely buyer due to its strategic interest in the app.
TikTok is facing down a US law that ordered the company to divest from its Chinese owner ByteDance or be banned in the United States. Microsoft is among likely buyers who would have a reason to invest in TikTok, said Angelo Zino at CFRA Research. / Photo: AP
TikTok is facing down a US law that ordered the company to divest from its Chinese owner ByteDance or be banned in the United States. "There's a lot of interest in TikTok, there's great interest in TikTok," he added aboard Air Force One.A law banning the video-sharing platform took effect January 19 over concerns that the Chinese government could exploit it to spy on Americans or covertly influence US public opinion.
Trump then promised to issue an executive order as soon as he took office to delay the ban to allow time to"make a deal."
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